Smart Transportation Market Trends

Key Emerging Trends in the Smart Transportation Market

Here are some of the many trends that have revolutionized today's smart transportation market. Rising demand for self-driving vehicles is definitely one big trend. Self-driving cars and trucks are being developed and tested, making transportation safer and more efficient. Artificial intelligence is finding itself coupled more and more with high-end sensors in these cars, so the market seems to be about entering a world without humans driving.
The second big trend is that consumer demand for ride-sharing, and on-demand mobility services has risen sharply. Cheaper, convenient substitutes: With the appearance of firms providing such replacement transportation systems for earlier transport networks, consumer habits are rapidly changing. The concept of Mobility as a Service (MaaS) is in vogue now. With this idea, passengers can make and purchase transport from various sources through one point. As a result, smart transportation ecosytems are born; where user experience and convenience is paramount.
One important future trend in the market is electrification of transportation. As the concept of sustainability takes root and electric vehicles (EVs) begin to emerge from obscurity, competition in finding better transport is heating up. To some extent, the governments of the world have been promoting electric vehicles through incentives and regulations. It has provided a stable foundation for an electrical charging infrastructure. This is also obvious in consumer-oriented mass produced road vehicles and impacts on electric public transport.
The trend of smart transportation is to create intelligent infrastructure. Smart traffic management, connected signal lights and sensor-equipped roads are being invested in by cities. They are meant to improve congestion, safety and the entire flow of transportation. Making smart cities also involves bringing intelligent infrastructure into play, using technology to improve living conditions for inhabitants.
As smart transportation becomes increasingly dominated by digital technologies, cybersecurity is becoming an ever hotter trend. The connected vehicle, intelligent infrastructure and the MAAS platform bring forth new data security and privacy issues. Keeping sensitive information secure from cyber threats is the only way to win consumers' and stakeholders' trust.